In today’s sellers market it’s easy to find a buyer for your home but, if you sell as-is, you could be leaving money on the table. Below are the 5 upgrades you should consider doing to increase the value of your home so you get the best valuation possible when selling.
Touch Up High-Use Areas
One of the quickest and easiest ways to increase the value of your home is by freshening up areas that show wear and tear. High-use areas tend to show the most wear, so consider refreshing those areas first to get the most bang for your buck.
Either touch up your current paint where it is worn or, if necessary, repaint to a color that will appeal to a broad range of people. It’s a great idea to do both interior and exterior paint in order to help the house’s overall appearance and boost its curb appeal. In addition to paint, consider replacing high wear items like front door knobs, kitchen faucets and the like.
Install New Flooring
Speaking of high-use areas, one element of every home that gets worn quickly is the floors. Replacing the floors (or refurbishing the current ones), while an expense, can pay for itself when selling your home. As buyers tour homes, new floors stand out and, in conjunction with fresh paint as mentioned above, can make a home feel new, clean and inviting. If you want to get the highest possible offer for your home, consider upgrading the flooring.
Renovate the Kitchen / Bathrooms
Kitchens and bathrooms tend to show their age more than other areas of the house. Outdated appliances and bygone design fads in these rooms can make your whole house feel old and undesirable, lowering its value. If a large scale kitchen and bathroom remodel is out of your budget even doing minor updates—such as repainting cabinets, adding new cabinet pulls and installing new countertops—can help increase the value of your home. By updating the look of these rooms you will find more interested buyers.
Open Up the Floorplan
Open floor plans are certainly in style, and having a home that has large, shared spaces will command a higher price as compared to one with more siloed rooms. If you’re already planning on remodeling, then changing up the floor plan to connect the kitchen, living room and dining room areas into an open concept can be another great way to add value.
One of current home buyers’ top priorities is an open floor plan that connects three of the major rooms in the house. If your current house doesn’t already have an open concept space consider knocking down a couple walls to increase your home’s value.
Finish the Basement
The final upgrade we recommend is, if your home has an unfinished basement, to consider finishing it. Finished basements add another level to your home, and are popular on buyers’ wish lists as they create space that is separate from the rest of the house. Finishing a basement is a great way to add liveable square footage to your home and will positively affect its resale value.
That’s it! Five ways you can increase the value of your home. Looking for help getting your home ready to sell? Contact us today for a quote on your home remodeling project.
